The Howard Hughes Corporation Announces Move Of GP Strategies Corporation World Headquarters To Downtown Columbia, MD
The Howard Hughes Corporation (NYSE: HHC) announced today that GP Strategies Corporation (NYSE:GPX) will relocate its global headquarters to Columbia, MD in August. The technology company is leasing 64,000 square feet in the 70 Corporate Center, an office building owned by The Howard Hughes Corporation in the master planned community, which is currently being redeveloped as part of the Downtown Columbia Plan.
Numerous projects are now underway as part of the 30-year Downtown Columbia Plan, approved by the Howard County Council in 2010. The plan envisions a more vibrant, walkable urban core for Columbia with 13 million square feet of retail, commercial, residential, hotel and cultural development. To be accomplished in three phases, the plan includes up to 5,500 new residential units, 4.3 million square feet of commercial office space, 1.25 million square feet of retail space, 640 hotel rooms, the redevelopment Merriweather Post Pavilion, a multi-model transportation system and a broad range of sustainability features. The announcement of the GP Strategies move follows a series of other recent starts, including the groundbreaking for The Metropolitan Downtown Columbia luxury apartments, the renovation and expansion at Clyde’s Restaurant and the redevelopment of the former Rouse Company headquarters, which will convert the iconic building into a Whole Foods Market and a Columbia Association health and fitness club.
“After years of thoughtful planning, determination and collaboration, the revitalization of Downtown Columbia is now moving forward,” said John De Wolf, Senior Vice President of Development for The Howard Hughes Corporation. “This is the first world headquarters to establish its home in the redevelopment, and we expect other businesses to be attracted to the area’s lifestyle and amenities.”
GP Strategies Corporation is a provider of training, e-learning, management consulting and engineering services, with 2,500 employees in 65 offices throughout the world. The company has had its headquarters in Howard County, MD since its inception in 1966. Currently located in Elkridge, it will move into the 170,000-square-foot 70 Corporate Center under a 12-year lease term for three floors.
“We are excited about moving our headquarters to 70 Corporate Center. The move achieves important goals for bringing all of our Columbia area employees under one roof, providing a working environment that’s suited to doing business in the 21st century and securing space for continued growth,” said Sharon Esposito-Mayer, Executive Vice President and Chief Financial Officer for GP Strategies. “Aside from the working environment, we like the location in Town Center and the range of amenities available for our employees.”
“The commitment from GP strategies to 64,000 square feet of office space is a reaffirmation of the new growth and revitalization occurring in Downtown Columbia,” said Howard County Executive Ken Ulman. “This is a significant agreement not just in terms of space and demand to be in Columbia, but also in terms of the type of tenant – global high tech consulting. Our plan for Downtown Columbia is gaining momentum, and this agreement will add to that energy and vitality. We welcome GP Strategies and applaud their decision to relocate to 70 Corporate Center.”
About The Howard Hughes Corporation
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. The company's properties include master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from New York to Hawaii. For more information on the company, visit www.howardhughes.com.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.
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